Omaha daily bee., 1887-05-12

~ ptI CcutS uuc Ill looO.. iVS,cU
Z per cents due in 1900. 66,10O
per cents due in 1901. ............ 100,0OO
& per cents due in 1903. 80. 100000
5 per cents due in 1903. 100000
5 per cents due in 1904. 10000
5 per cents due in 1905. 100000
5 per cents due in 1905 ............. 100000
Az per cents due in 1906 amman. 100, 600
S1,O4S. $50
The annual interest on these bonds is
S63, 4l2. The short time bonds now outstand-
ing are as follows:
District paving bonds. .S526, 600
Curbing and guttering ..........-.... As, 100
Alley material paving bonds. $1,000
Total Observation-Disclosures. $3.50. 100
the 10 per cent bonds due in $50 there is now
some money applicable to the redemption of
these bonds. Until recently this money has
been well used in the temporary aid of the
sinking funds for the district paving bonds,
which funds no longer need assistance,
have attempted to obtain from those who
hold these bonds in the east propositions for
their surrender, and almost invariably have
been answered that they prefer to keep them
| and by direction OF the council purchased
| those.
About $50. 900 more of these bonds could be
paid for. | have recently attempted to buy
In some of the 10 per cent school bonds for
the bOard of education and could not get
them. During the last year the board of ed
ucation has redeem I'd SlO000O ~ per cent
bonds. which is reduction of The city's debt
| to that extent, as the city guaranteed the pay
ment.
The difficulty which we have in purchasing
| any of our bonds shows how good Is our
| credit. And 1t is noticeable that after selling
| quite large amount of Securiti e. VT cln still
| sell at steadily improving rate-a rate
| which is far better than any we could get six
years ago. In the last year we have sold Az
| per cent bonds at a premium which we con-
! slider very good at present although hoping
| for still better rates as we become better
| known in the money centers
During the last year taxes have been well
| paid and are as closely collected now as at
| this time last year-about 90 per cent of the
| regular list for the current year having been
already paid. On the regular lists for the
five years previous. viz: 1851 to 1886 in,
elusive, there remains unpaid only about
l-G per cent. With this record of collec-
| tons | am particularly well pleased.
| Asan evidence of the increase Of city bust
| ness, especially IN this ONCE, VIII state that
| in my first monthly report, January, 1852,
! there were twenty-three accounts, and in my
last there are 2l4; while the annual receipts
| and disbursements have Increased II n
| about $3.50, 900 to nearly 81, 100000.
| | have but one recommendation to maze,
| and that is in regard to future issues OF dis
t.ict paving bonds. Since the change from
the five to the ten installment plan there
full than before, and during the last year
| more or less idle money has accumulated in
the sinking funds tor the payment of district
| paving bonds. This did not occur under the
| hive instalnent plan.
have done my best during the past winter
| to buy in some of these bonds, and have Sc
| cured only $4,000 or $4,000 out OF $4,000
! sought for; these by authority of the coun-
| ell, have been bought and cancelled AS II
seems almost impos sible to buy in our bonds
advantageously after they are once Sold |
would recommend as remedy, that In
future issues of district paving bonds two OF
three times as many be made to mature in
one year as in each of the other years (two
to nine). Most of those people who will pay
their paving taxes in full will do so during
I the tirst year, and the bonds that come du,
in one year will then absorb the money PAID
in and prevent any large surplus. Very re
spectfully, TRUMAN BUCK,
City Treasurer.